Kotak Mutual Fund

Kotak Mahindra Asset Management Company Limited (KMAMC), is the asset manager for Kotak Mahindra Mutual Fund (KMMF). KMAMC started operations in December 1998 and has approximately 74 lac investors in various schemes.[5]

Kotak Mutual Fund
IndustryMutual Fund
Founded1985
HeadquartersMumbai, Maharashtra, India
Area served
India
Key people
Nilesh Shah (Managing Director)[1]
Harsha Upadhyaya (CIO Equity)[2]
Laxmi Iyer (CIO Debt & Head Products)[3]
Anshul Saigal (Head PMS)[4]
ProductsKotak Standard Multicap Fund
Kotak Emerging Equity Fund
Kotak Balanced Advantage Fund
Kotak Tax Saver Fund
Kotak EQ Contra Fund
AUM₹2.88 lac crore (December 2022)
Number of employees
500+
ParentKotak Mahindra Bank
Websitewww.kotakmf.com

History

Kotak Mutual Fund is a wholly-owned subsidiary of Kotak Mahindra Bank Limited, and was established in December 1998.

In December 2020 it became the first Indian Mutual House to launch Global REIT Fund of Fund.[6]

Organization

It manages pension funds in India.[7] It offers services like banking, asset management, investment banking, life insurance, stock broking and general insurance.

Currently, it has an investor base of above 2 million investors.[8] It has a distribution network of around 43,000 distributors. The company is present in 82 cities and has 86 branches.[9][10][11]

It is currently the 5th largest mutual fund house in the country with more than 2.86 lakh crore Assets Under Management. It currently operates out of 86 branches in India with headquarters in Mumbai, and has around 75 lakhs investor accounts, with a distribution network comprising 50000 empanelled distributors. It is currently managing more than 73000 of equity assets.

Products and services

Kotak Mutual Fund follows an institutionalized investment process. It includes investment universe, research, idea generation, company meeting and idea discussion, investment report, portfolio action and on-going review. The fund manager is the decision maker for their portfolios.[12]

See also

References
  1. "Kotak Mutual Fund appoints Nilesh Shah as MD". Business Standard. 14 January 2015. Retrieved 17 April 2018.
  2. "Harsha Upadhyaya, CIO – Equity, Kotak Mahindra Asset Management". India Infoline. 7 September 2017. Retrieved 17 April 2018.
  3. "Avoid the noise and focus on goals, says Lakshmi Iyer, Kotak Mutual Fund". Economic Indiatimes. 30 August 2017. Retrieved 17 April 2018.
  4. "Betting on 2 themes in next 3–5 years: Anshul Saigal, Kotak Mahindra AMC". Economic Indiatimes. 20 July 2017. Retrieved 17 April 2018.
  5. "About Us". assetmanagement.kotak.com. Retrieved 13 October 2020.
  6. https://assetmanagement.kotak.com/documents/19/956c7206-1e01-442c-9d1a-1644a7b9d9b3
  7. "Managing Risks and Optimizing Returns". Retrieved 19 April 2018.
  8. "Harsha Upadhyaya, CIO – Equity, Kotak Mahindra Asset Management". 7 September 2017. Retrieved 23 April 2018.
  9. "Nilesh Shah, Managing Director, Kotak Mahindra Asset Management Co Ltd". 19 October 2015. Retrieved 23 April 2018.
  10. "DHFL Auditor Grant Thornton Finds Another Fraud Of Rs 1,424 Crore". Moneycontrol. Retrieved 7 March 2021.
  11. "Fund Manager – Mutual Fund Manager". Paytm Money. Retrieved 7 March 2021.
  12. "Investors should review their MF portfolio regularly: Nilesh Shah, MD, Kotak Mutual Fund". Economic Times Indiatimes. 1 May 2017. Retrieved 24 April 2018.
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